Financial GHG emissions accounting protocol steps up efforts in MENA region
An industry-led greenhouse gas emissions accounting protocol for financial institutions, used by public sector and civil society decarbonisation standards, is expanding into the Middle East and North Africa, it announced on Wednesday.
Read MorePanama freezes forestry permits due to high rates of deforestation
Panama’s Ministry of Environment has temporarily suspended all community forest use permits in two regions in response to a high rate of deforestation, it said over the weekend.
Read MoreBRIEFING: EU will push for more climate finance contributors and better transparency at COP29
The EU will go to Baku next month stressing the need to widen the base of contributors to a bigger global climate finance goal – including big emerging, and polluting, economies and greater private sector investment, according to agreements reached by ministers and parliamentarians ahead of the COP29 summit.
Read MoreShare of fossil fuel power falling to 50% across BRICS group, driven by Chinese solar -report
The share of coal-, oil-, and gas-fired power capacity in the BRICS countries could fall below half by the end of this year, as the development of wind, utility-scale solar, and other non-fossil fuel sources dominate the electricity pipeline across the emerging economies, according to research published on Tuesday.
Read MoreUN climate chief urges World Bank, IMF to step up efforts on climate finance
The United Nations climate chief is calling on the International Monetary Fund (IMF) and World Bank to take bigger steps to shore up climate finance and alleviate debt for developing countries during their annual autumn meetings next week.
Read MoreBRIEFING: EU looks to incentivise lower methane gas globally by pooling buyer demand
The European Commission’s plan to create a ‘You Collect, We Buy’ platform for the joint purchasing of gas and hydrogen should drive up demand for lower emissions fuel around the EU – and support the bloc’s efforts to tackle methane, according to a Brussels official.
Read MoreUK proposes capacity market changes to accommodate more renewables
The UK is seeking views on potential changes to its capacity markets scheme aimed at keeping flexible power capacity online while strengthening the security of supply and helping to push out unabated gas-fired power, the government announced on Tuesday.
Read MoreCFEL24: UK hopes to kickstart removals by bringing them into ETS
The UK’s plan to integrate greenhouse gas removals into its Emissions Trading Scheme (ETS) is designed to boost demand for credits at a time when the UK market faces turbulence and uncertainty, speakers said at Carbon Forward Expo London on Wednesday.
Read MoreTwo UK carbon capture projects progress towards start-up by 2030
Two bioenergy carbon capture and storage (BECCS) projects have passed the ‘deliverability assessment’ as part of the UK government’s HyNet cluster expansion process, putting them on track to become operational by 2030, the developer announced on Tuesday.
Read MoreUK confirms £22 bln funding for CCS and hydrogen clusters, after years of waiting
The UK government has struck a commercial deal that will make up to £21.7 billion of funding available for carbon capture and hydrogen projects over 25 years, in what it sees as a turning point towards a new clean industrial era, it announced on Friday.
Read More